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International Jewellery London has become the first jewellery show in the UK to obtain commercial membership of the CIBJO, the World Jewellery Confederation. CIBJO president Gaetano

CBI warns of April rates hike

A pink diamond weighing almost 60 carats and the largest internally flawless vivid pink diamond that the GIA has ever verified, has been lined up for auction and is expected to sell for as much as $60 million (£37 million) – the largest sum ever paid for a gemstone of any kind at auction.

Rado has announced its latest additions to the HyperChrome family. The diamond encrusted watches come in Rado’s signature high-tech ceramic in timeless black or white with up to 181 Top Wesselton diamonds on a single watch.

MY iMenso has announced model Carmen Electra as its new brand ambassador, following its investment in the UK market. The company said: “[Electra’s] style thesis went hand in hand with the MY iMenso concept.” The product is available in gold-plated, silver, crystals, and an option to personalise with your name, a short message or simply a pre-made design.

8 | Jewellery Focus

The CBI has warned that the September’s RPI figures could be a prelude to a jump in business rates in April 2014. Following the release of the

Retail Prices Index (RPI) inflation figures at 3.2 per cent, the CBI said this is likely to have a knock-on effect on the UK’s already-high commercial property taxes. Katja Hall, CBI chief policy director, said: “This level of

RPI could lead to another business rates hike in April. We already have one of the highest commercial property taxes of any EU country, so the government must step in at the Autumn Statement to limit next year’s business rates increase at 2 per cent.” Hall added: “We then want

to see a full review of the system to explore options for longer term reform.”

Cavalieri said he was “delighted” to welcome Reed Exhibitions’ IJL into the organisation, noting that as an important trade show in a prominent jewellery market it can play a key role in supporting the industry, both in Britain and internationally. Cavalieri said: “I am delighted

to welcome IJL into our fold. CIBJO recognises trade shows as the primary gathering places for our sector, providing not only opportunities for promoting business, but also forums at which we can discuss and address common issues and challenges.” IJL event director, Sam

F. Hinds opens 111th store in Coventry

Britain’s largest family jeweller has celebrated its 111th shop opening with an official ceremony attended by the mayor of Coventry and several members of the Hinds family. The 1,400 sq ft premises

means the chain is now at its largest number of outlets in its history. Six members of staff were recruited locally for the store, which is located in the Lower Precinct Shopping Centre in the centre of Coventry. Lisa Gregory, who was

promoted from the firms Banbury outlet to run the new shop, said: “We have knowledgeable, well trained and helpful staff, and

shoppers will be delighted with the service they receive, whether selecting a beautiful diamond engagement ring, finding the perfect watch or having a battery replaced.” Members of the 5th, 6th and

7th generations of the Hinds’ family were in attendance and together officially opened the company’s latest addition. Charlie (7th generation) was

the youngest to help with the ribbon cutting alongside the oldest; Roy Hinds (chairman, 5th generation); and Andrew Hinds (director, 6th generation) were present to celebrate the opening.

Willoughby, added: “It makes absolute sense for IJL to become a member of CIBJO, with its history and focus on supporting individuals and companies earning their livelihoods from jewellery, gemstones and precious metals.” The CIBJO membership is

made up largely of national jewellery trade organisations from more than 40 countries around the world and most of the international jewellery sector’s leading corporations and service providers are also affiliated to CIBJO through commercial membership. Cavalieri added: “IJL has

long served to bring together members of the trade from across the UK, Europe and internationally, and in this respect it is ideally positioned to advance CIBJO programmes relating to harmonised industry standards, corporate social responsibility (CSR) and consumer confidence.”